Market Analysis of Bitcoin on Wednesday 6 Mar 2024

2024-03-06 09:58Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 63660 is resistance

 

Our pivot point is at 63660.

 

Our preference:

The downside prevails as long as 63660 is resistance.

 

Alternative scenario:

The upside breakout of 63660, would call for 64670 and 65270.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65686 and 66780).

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